International political economic specialists increase asked whether China’s experience in economic growth constitutes a model which could be transplanted to other developing stats(Lanteigne 2009:11). Today many state populations have positive views of China, some polls there are states that have a higher regard for China than they do for the US(11).
A World Bank July 2008 report concluded that “China’sinvestments ease Africa’s poverty”. AustralianPrime Minister Kevin Rudd told the Brookings Institution on March 31, 2008 that“China’s experience would be invaluable to other developing nations.”
Deng Xiaoping in 1985 told an African head of state that there was no Chinese model to emulate. Deng averred that all nations must adopt growth policies suitable to their own particular circumstances (Friedman 4). Since economic reforms were initiated in China in 1979, more than two-thirds of all the poverty wiped-out on the planet earth has been in China. This monumental achievement suggests that there is much to learn from the Chinese experience.
As a Congolese minister put it, “the Chinese are fantastic”（Friedman 5）asuperpower within Asia as potentially a nation with the ability to change thefuture direction of global events. By 2020, China hopes to rival the US(Sengupta 2003:389).
China has arrived andwill increasingly shape our future, not just its own (Jacques 2005:6), Chinahas suddenly become the all absorbing topic for those professionally concernedwith the future of the planet (Skidelsky 2005) , in many spheres, China has become a leading issue for politicians, economists, environmentalists, generals, admirals andmedia figures(Scott 2008: 1).
China has arrived. Aftertwo centuries at the periphery of world affairs, China has returned to thecenter (Mandelson 2007) many of the greatest questions thrown up in the courseof the century will be answered in Chinese characters ( Anderson 2008), Chinais the future, or at least will profoundly shape the future global order. Thefuture: China changes the whole world. China with the ability tochange the future direction of global events(Sengupta2003:4).
Chinese economy will overtake the US economy in the year 2013.China is well on its way to becoming an economic superpower(Sengupta 2003:395).If it continues with its economic reform,China’s economy should exceed that ofthe United States within the next 15 years(Sengupta 2003:402)
China in the twenty-first century will provide an alternative tothe United States and will play the role of a non-hegemonic superpower(Forges& Luo2001:485). China had become an economic superpower. Actually, China’srapid rise to become a major power already is a world-transforming phenomenon(Friedman 2008:18).
The existing literature on China’s rise to economic super-powerdom, forecasts theshort- and long-term prospects of the Chinese economy to achieve a sustainedrapid growth of the GDP, eventually replacing the USA as the leading superpower(see Babones 2011;Eichengreen, Park and Shin 2011;and Subramanian 2011
China in thetwenty-first century will provide an alternative to the United States and willplay the role of a non-hegemonic superpower. With China becoming wealthier andsoon taking over the title of the world’s largest economy, other countries willhave no choice but to turn toward Beijing(Cameron2013:13). maintainedChina’s global trade clout – as of 2013, China is the largest trading partnerfor over 120 countries.
Tensions areintensifying between China and Japan in the East China Sea over Diaoyu Island.Confrontations with the Philippines in the South China Sea have been two yearsin the running with no end in sight. America's "pivot" to AsiaPacific has confirmed to many Chinese their suspicion of containment by thesuperpower and emboldened China's adversaries in the region to escalatetensions. The most recent incident was China's declaration of an Air DefenseIdentification Zone, which some have called provocative.
Deng's famous dictum of “keeping a low profile” for economicdevelopment. The other was to give the first priority to the relations with the UnitedStates. China's new foreign policy outlook indicates an approach knownas “strivingfor achievement”to engage its neighboring countries and to over time align their interests withChina's rise. Xi specifically stressed friendship and loyalty between China andits neighbors.
University of Chicago politicaltheorist John Mearsheimer, in his "China cannot peaceful rise " concluded taht China continues its rise asa great power, military conflicts are probable if not inevitable. for In a disorderly world without a supreme ruler, the theorygoes, no nation can be sure of the intentions of other nations and the only wayof survival is to maximize a nation's own relative strength.
Under Xi, China willbegin to treat friends and enemies differently. For those who are willing toplay a constructive role in China's rise, China will seek ways for them to gaingreater actual benefits from China's development. China will decisively favorthose who side with it with economic benefits and even security protections. Onthe contrary, those who are hostile to China will face much more sustainedpolicies of sanctions and isolation.
The Xi’s doctrine of diplomatic policynow contains six points. The firstis to establish a sense of identity with the world in a “community of common destiny”. no matter what system it adopts, it is always partof that community rather than being detached from the rest of the world. The second is to express a world dreamwith a “Chinese dream”. all will enjoy peace, development and prosperity. The third is to ensure peace and development with bottom-line thinking. The fourth is to improve China’s imageas valuing profits more than justice with a right approach to morality andinterests.The fifth is to managerelations with the US towards a new model of bigcountry relationship, no confrontation or conflict, mutual respect, and cooperationand win-win. The sixth point is todispel misgivings of neighboring countries with the principles of amity,sincerity, mutual benefit and inclusiveness.
The Chinese system will fail because there is an inherent conflict between public welfare and the government’s desire to retain power. Acemoglu and Robinson argue that China’s phenomenal growth cannot be sustained because the political institutions are authoritarian and extractive. Furthermore, the present economic growth cannot lead to inclusive economic institutions and creative destruction unless fundamental political reforms are carried out in the near future(Schweinberger 2014:170).
One of the key characteristic ofChinese economic development: namely, the high degree of politization ofeconomic decision-making. state-owned (partially or wholly) companies in Chinaat present make up around eighty percent of the value of the stock market.